Trade Strategy 7.31.18

Markets
 
In Asia, Japan flat. Hong Kong -0.5%. China +0.3%. India +0.3%
In Europe, at midday, London +0.7%. Paris +0.1%. Frankfurt +0.1%
Futures at 6:20, Dow +0.1%. S&P +0.2%. Nasdaq +0.1%. Crude -0.6% to $69.70. Gold -0.3% to $1227.30. Bitcoin -2.7% to $7946. 
Ten-year Treasury Yield -3 bps to 2.95%
 
 
(Source: Seeking Alpha)
 
Economic Calendar

FOMC meeting begins
8:30 Personal Income and Outlays
8:30 Employment Cost Index
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
9:45 Chicago PMI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index

S&P 500

Today is Cycle Day 2 (CD2)…The decline in prior session fulfilled lower target projections (2800 – 2795) before stabilizing. Stronger bids then took control as price is staging a recovery rally during overnight trade. Initial resistance is marked at 2810 – 13.50 zone for which bulls must convert to support.

Market Bias: Bullish

CD2 Range High = 2825.50          CD2 Range Low = 2787.75         CD2 Range Avg = 24.75

Scenario 1: IF price holds bid above 2805.25, THEN initial objective is to convert 2810 – 2813.50 zone to upper support.

Scenario 2: IF price holds offer below 2805.25 with subsequent violation of 2802.75, THEN downside targets test of 2798.25 CD1 Low.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2824.50; LOD ATR Range Projection: 2789.00; Cycle Day 1 Low: 2798.25; 3 Day Central Pivot: 2824.25; 3 Day Cycle Target: 2829.50; 10 Day Average True Range 21.75; VIX: 13.75

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…The decline in prior session surpassed lower target projections  before stabilizing. Stronger bids then took control as price is attempting a recovery rally during overnight trade. Bulls must hold bid above prior close 7208 and convert to solid support.

Market Bias: Bullish

CD2 Range High = 7280.25         CD2 Range Low = 7172.50          CD2 Range Avg = 89.25

Scenario 1: IF price holds bid above 7208.00, THEN initial objective is to convert 7220 – 7230  zone to upper support.

Scenario 2: IF price holds offer below 7208.00 with subsequent violation of 7198.00, THEN downside targets test of 7166.75 CD1 Low.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7306.25; LOD ATR Range Projection: 7109.00; Cycle Day 1 Low: 7166.75; 3 Day Central Pivot: 7328.25; 3 Day Cycle Target: 7382.50; 10 Day Average True Range: 115.25; VIX: 13.75

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.30.18

Markets
 
Away from the earnings deluge, a huge week lies ahead for central banks before traders in the northern hemisphere leave their desks for August summer vacation. In the coming days, monetary policy meetings will take place across the U.S., Japan, the U.K., Brazil and India. While the BOJ will be eyed for tweaks to its massive asset-buying program and the BOE is expected to raise rates for the first time since November, the U.S. Fed is unlikely to deliver any surprises.
 
In Asia, Japan -0.7%. Hong Kong -0.3%. China -0.2%. India +0.4%
In Europe, at midday, London -0.2%. Paris -0.3%. Frankfurt -0.2%
Futures at 6:20, Dow flat. S&P -0.1%. Nasdaq -0.2%. Crude +1.3% to $69.57. Gold +0.6% to $1230.60. Bitcoin -0.8% to $8144. 
Ten-year Treasury Yield +1 bps to 2.97%
 
(Source: Seeking Alpha)
 
Economic Calendar

10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
3:00 PM Farm Prices

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2822.50. Average Range for CD1 is 24.50 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

***Note: Average Decline  (2822.50) was fulfilled in prior session…As such, potential for recovery / stabilization increases today.

Market Bias: Med-Term – Bullish

CD1 Range High = 2829.50         CD1 Range Low = 2794.75         CD1 Range Avg = 24.50 

Scenario 1: IF price clears and converts 2817.25 to support, THEN recovery rally targets 2822.50 – 2825 zone.

Scenario 2: IF price holds offer below 2817.25, THEN odds favor a retest of 2806.50 low for surety. Failure to hold opens door to deeper decline measuring 2800 – 2795 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2827.75; LOD ATR Range Projection: 2796.50; 3 Day Central Pivot: 2833.50; 3 Day Cycle Target: 2837.50; 10 Day Average True Range 21.50; VIX: 13.53

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7384.00. Average Range for CD1 is 85.00 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

***Note: Average Decline  (7384.00) was fulfilled in prior session…As such, potential for recovery / stabilization increases today.

Market Bias: Med-Term – Bullish

CD1 Range High = 7336.00          CD1 Range Low = 7214.75          CD1 Range Avg = 85.00

Scenario 1: IF price clears and converts 7300 to support, THEN recovery rally targets 7320 – 7336 zone.

Scenario 2: IF price holds offer below 7300, THEN odds favor a retest of 7251.00 low for surety. Failure to hold opens door to deeper decline measuring 7215 – 7290 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7360.50; LOD ATR Range Projection: 7290.00; 3 Day Central Pivot: 7409.00; 3 Day Cycle Target: 7366.00; 10 Day Average True Range: 109.50; VIX: 13.53

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.27.18

Markets
 
The headliner of this action-packed week could come from the latest GDP reading, the official scorecard of the U.S. economy. The Commerce Department will release its first official estimate for the second-quarter at 8:30 a.m. ET, with many expecting growth to top 4%, and some even seeing a whopping gain of 5%. That would mark the best pace in years, thanks to stronger consumer spending and a narrowing trade deficit.
 
In Asia, Japan +0.6%. Hong Kong +0.1%. China -0.3%. India +1%
In Europe, at midday, London +0.6%. Paris +0.3%. Frankfurt +0.6%
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.3% to $69.39. Gold -0.6% to $1218. Bitcoin +0.2% to $7948. 
Ten-year Treasury Yield flat at 2.98%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 GDP Q2
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 3 (CD3)…Price consolidated yesterday in typical CD2 fashion holding key support at 2838 handle. Overnight has price rallying higher nearing 2846.75 – 2848.00 target zone. Further strength targets 2850 handle with support marked between 2840 – 42 zone.

Market Bias: Short-term: Bullish

CD3 Range High = 2861.75          CD3 Range Low = 2824.50          CD3 Range Avg = 27.00 

Scenario 1: IF price holds bid above 2840.25, THEN upside targets 2850 – 2853 zone.

Scenario 2: IF price holds offer below 2840.25, THEN downside targets 2833.50 – 2831.00 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2857.75; LOD ATR Range Projection: 2828.50; Cycle Day 1 Low: 2814.00; 3 Day Central Pivot: 2832.25; 3 Day Cycle Target: 2845.55; 10 Day Average True Range 18.50; VIX: 11.95

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price consolidated yesterday in typical CD2 fashion holding key support at 7400 handle. Overnight has price rallying higher nearing 7461.00 – 7470.75 target zone. Further strength targets 7480.50 handle with support marked between 7415 – 7422 zone.

Market Bias: Short-term: Bullish

CD3 Range High = 7478.75          CD3 Range Low = 7368.75          CD3 Range Avg = 98.00

Scenario 1: IF price holds bid above 7426.00, THEN upside targets 7465.50 3 Day Cycle Target. (Note: Fulfilled in overnight trade)

Scenario 2: IF price holds offer below 7426.00, THEN downside targets 7415.25 – 7400.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7517.50; LOD ATR Range Projection: 7376.50; Cycle Day 1 Low: 7402.75; 3 Day Central Pivot: 7437.75; 3 Day Cycle Target: 7465.50; 10 Day Average True Range: 90.75; VIX: 11.95

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.26.18

Markets
 
The tech-heavy Nasdaq is set for a big down day after Facebook (NASDAQ:FB) published quarterly results that underwhelmed investors and sent the social media giant hurtling toward its biggest share price decline ever (see below). Collateral damage was spread quickly after-hours as investors fled the sector. Apple (NASDAQ:AAPLlost close to 1%, while Facebook’s “FANG” brethren, including Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and (GOOGGOOGLshed about 2%-3%.
 
In Asia, Japan -0.1%. Hong Kong -0.5%. China -0.7%. India +0.3%
In Europe, at midday, London flat. Paris +0.4%. Frankfurt +1.1%
Futures at 6:20, Dow +0.1%. S&P -0.2%. Nasdaq -0.9%. Crude -0.1% to $69.24. Gold -0.3% to $1227.80. Bitcoin +1.4% to $8278. 
Ten-year Treasury Yield +3 bps to 2.96%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Durable Goods
8:30 International trade in goods
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $30B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 2 (CD2)…Shallow CD1 decline ignited strong rally which exceeded 3 Day Cycle and Penetration Levels. Price is trading lower in quiet consolidation during overnight session following FaceBook’s (FB) disappointing earnings report. Market remains in a bullish uptrend channel configuration.

Market Bias: Short-term Bullish

CD2 Range High = 2859.75          CD2 Range Low = 2813.00         CD2 Range Avg = 26.50

Scenario 1: IF price clears and converts 2840 to support, THEN upside targets 2845- 48 zone.

Scenario 2: If price holds offer below 2840 and subsequently violates 2833, THEN downside targets 2830 – 28 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2853.50; LOD ATR Range Projection: 2819.25; Cycle Day 1 Low: 2814.00; 3 Day Central Pivot: 2820.75; 3 Day Cycle Target: 2822.50; 10 Day Average True Range 20.00; VIX: 12.17

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Shallow CD1 decline ignited strong rally which exceeded 3 Day Cycle and Penetration Levels. Price is trading lower in quiet consolidation during overnight session following FaceBook’s (FB) disappointing earnings report. Market remains in a bullish uptrend channel configuration.

Market Bias: Short-term Bullish

CD2 Range High = 7480.00         CD2 Range Low = 7338.25          CD2 Range Avg = 91.50

Scenario 1: IF price clears and converts 7430 to support, THEN upside targets 7440 – 7455 zone.

Scenario 2: If price holds offer below 7430 and subsequently violates 7396, THEN downside targets 7378 – 7355 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7471.75; LOD ATR Range Projection: 7346.75; Cycle Day 1 Low: 7402.75; 3 Day Central Pivot: 7429.25; 3 Day Cycle Target: 7453.50; 10 Day Average True Range: 83.00; VIX: 12.17

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.25.18

Markets
 
In Asia, Japan +0.5%. Hong Kong -0.3%. China flat. India +0.1%
In Europe, at midday, London -0.7%. Paris flat. Frankfurt -0.3%
Futures at 6:20, Dow flat. S&P -0.1%. Nasdaq +0.1%. Crude -0.2% to $68.38. Gold +0.4% to $1230.90. Bitcoin -2.2% to $8216. 
Ten-year Treasury Yield flat at 2.95%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $18B, 2-Year FRN Auction
1:00 PM Results of $36B, 5-Year Note Auction

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 28.8.50. Average Range for CD1 is 24.50 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Med-Term – Bullish

CD1 Range High = 2838.50         CD1 Range Low = 2797.50         CD1 Range Avg = 24.50 

Scenario 1: IF price holds bid above 2819 handle, THEN upside targets 2825.50

Scenario 2: IF price holds offer below 2819 handle, THEN downside targets 2808.50 3 Day Central Pivot.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2831.50; LOD ATR Range Projection: 2804.25; 3 Day Central Pivot: 2809.25; 3 Day Cycle Target: 2840.75; 10 Day Average True Range 17.50; VIX: 12.43

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7412.50. Average Range for CD1 is 83.75 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Med-Term – Bullish

CD1 Range High = 7447.50          CD1 Range Low = 7377.25          CD1 Range Avg = 83.75

Scenario 1: IF price holds bid above 7411.75, THEN upside targets 7447.50.

Scenario 2: IF price holds offer below 7411.75, THEN downside targets 7377.50.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7474.25; LOD ATR Range Projection: 7350.25; 3 Day Central Pivot: 7398.00; 3 Day Cycle Target: 7459.75; 10 Day Average True Range: 77.25; VIX: 12.43

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.24.18

Markets
 
In Asia, Japan +0.50%. Hong Kong +1.44%. China +1.61%. India +0.45%
In Europe, at midday, London +0.83%. Paris +0.93%. Frankfurt +1.38%
Futures at 6:20, Dow +0.41%. S&P +0.23%. Nasdaq +0.17%. Crude +0.59% to $68.29. Gold flat at $1,225.60. Bitcoin +4% to $8,021. 
Ten-year Treasury Yield -1.8 bps to 2.947%.
 
(Source: Seeking Alpha)
 
Economic Calendar

8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:45 PMI Composite Flash
10:00 Richmond Fed Mfg.
1:00 PM Results of $35B, 2-Year Note Auction

S&P 500

Today is Cycle Day 3 (CD3)…Price is extending prior session rally and holding bid above prior close (2811.25). Further strength would be anticipated targeting 2822.50 3 Day Cycle Target. Violation and conversion of 2811.25 would change current price structure.

Market Bias: Short-term: Bullish

CD3 Range High = 2832.75          CD3 Range Low = 2796.75          CD3 Range Avg = 27.75 

Scenario 1: IF price holds bid at or above PC (2811.25), THEN upside targets 2719.75 – 2822.50 zone.

Scenario 2: IF price violates and coverts PC (2811.25), THEN downside targets 2807.25 – 2804.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2826.50; LOD ATR Range Projection: 2803.25; Cycle Day 1 Low: 2793.00; 3 Day Central Pivot: 2805.25; 3 Day Cycle Target: 2822.50; 10 Day Average True Range 16.25; VIX: 12.22

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price is extending prior session rally and holding bid above prior close (7420.25). Further strength would be anticipated targeting 7472.50 3 Day Cycle Target. Violation and conversion of 7420.25 would change current price structure.

Market Bias: Short-term: Bullish

CD3 Range High = 7468.75          CD3 Range Low = 7396.25          CD3 Range Avg = 101.00

Scenario 1: IF price holds bid at or above PC (7420.25), THEN upside targets 7453.00 – 7468.75 zone.

Scenario 2: IF price violates and coverts PC (7420.25), THEN downside targets 7396.25 – 7377.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7488.00; LOD ATR Range Projection: 7377.00; Cycle Day 1 Low: 7352.750; 3 Day Central Pivot: 7381.25; 3 Day Cycle Target: 7472.50; 10 Day Average True Range: 71.00; VIX: 12.22

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.23.18

Markets
 
An earnings deluge is on the menu this week. About a third of the S&P 500 companies will report quarterly results, including three FANG stocks – Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Google parent Alphabet (GOOGGOOGL)- as well as oil majors Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). So far, 87% of corporations that have reported earnings have exceeded Wall Street estimates, with FactSet now forecasting Q2 profits will be up 20.8% from a year earlier.
 
In Asia, Japan -1.3%. Hong Kong +0.1%. China +1.%. India +0.6%
In Europe, at midday, London -0.4%. Paris -0.6%. Frankfurt -0.4%
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.4%. Crude +1% to $68.96. Gold -0.1% to $1229.90. Bitcoin +3.9% to $7686. 
Ten-year Treasury Yield flat at 2.89%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Chicago Fed National Activity Index
10:00 Existing Home Sales

S&P 500

Today is Cycle Day 2 (CD2)…Price is currently trading lower in overnight trade to begin the week and is below 2808 3 Day Central Pivot. Continued weakness below this level portends a potential deeper downside, threatening the recent rally. Recovery above this level would neutralize this condition. 

Market Bias: Short-term Neutral/Bullish

CD2 Range High = 2815.50          CD2 Range Low = 2783.00         CD2 Range Avg = 27.50

Scenario 1: IF price holds above 2794 handle, THEN recovery rally targets 2803.50, followed by 2808 handle.

Scenario 2: IF price keeps offer below 2803.50, THEN initial downside targets 2794 handle…Violation and conversion of this level opens door to deeper decline targeting 2789 – 2785 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2809.50; LOD ATR Range Projection: 2789.25; Cycle Day 1 Low: 2793.00; 3 Day Central Pivot: 2808.00; 3 Day Cycle Target: 2822.50; 10 Day Average True Range 16.75; VIX: 13.34

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is currently trading lower in overnight trade to begin the week and is below 7387.25 3 Day Central Pivot. Continued weakness below this level portends a potential deeper downside, threatening the recent rally. Recovery above this level would neutralize this condition. 

Market Bias: Short-term Neutral/Bullish

CD2 Range High = 7374.25         CD2 Range Low = 7326.00          CD2 Range Avg = 91.50

Scenario 1: IF price holds above 7326 handle, THEN recovery rally targets 7366.00, followed by 7387 handle.

Scenario 2: IF price keeps offer below 7366.00, THEN initial downside targets 7326 handle…Violation and conversion of this level opens door to deeper decline targeting 7308.25 – 7286.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7392.00; LOD ATR Range Projection: 7308.25; Cycle Day 1 Low: 7352.75; 3 Day Central Pivot: 7387.25; 3 Day Cycle Target: 7415.50; 10 Day Average True Range: 69.25; VIX: 13.34

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.20.18

Markets
 
In Asia, Japan -0.3%. Hong Kong +0.8%. China +2.1%. India +0.4%
In Europe, at midday, London -0.3%. Paris -0.7%. Frankfurt -0.5%
Futures at 6:20, Dow -0.5%. S&P -0.4%. Nasdaq -0.1%. Crude +0.1% to $68.31. Gold flat at $1223.90. Bitcoin -0.3% to $7451. 
Ten-year Treasury Yield flat at 2.85%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:20 Fed’s Bullard: U.S. Monetary and Economic Policy
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2793.25. Average Range for CD1 is 24.50 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Bullish

CD1 Range High = 2817.50         CD1 Range Low = 2726.00         CD1 Range Avg = 24.50 

Scenario 1: IF price clears and converts 2806, THEN upside objective targets 2812.50 – 2815.00 zone.

Scenario 2: IF price holds offer below 2803, THEN downside targets 2792.00 – 2790.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2811.50; LOD ATR Range Projection: 2792.00; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2809.00; 3 Day Cycle Target: 2819.75; 10 Day Average True Range 18.42; VIX: 13.56

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7325.00. Average Range for CD1 is 88.00 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Bullish

CD1 Range High = 7401.00          CD1 Range Low = 7356.50          CD1 Range Avg = 88.00

Scenario 1: IF price clears and converts 7383.00, THEN upside objective targets 7402.25 – 7412.00  zone.

Scenario 2: IF price holds offer below 7383.00, THEN downside targets 7363.25 – 7353.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7422.50; LOD ATR Range Projection: 7366.25; Cycle Day 1 Low: 7265.25; 3 Day Central Pivot: 7389.75; 3 Day Cycle Target: 7413.50; 10 Day Average True Range: 71.75; VIX: 13.56

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.19.18

Markets
 
In Asia, Japan -0.1%. Hong Kong -0.4%. China -0.5%. India -0.1%
In Europe, at midday, London +0.1%. Paris -0.5%. Frankfurt -0.5%
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.4%. Crude -1.3% to $66.88. Gold -1% to $1215.60. Bitcoin flat at $7377. 
Ten-year Treasury Yield +2 bps to 2.9%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:00 Randal Quarles: “Alternative Reference Rates Committee Roundtable”
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 3 (CD3)…Having fulfilled Cycle objectives, prices are a touch softer in overnight trade currently finding a buy response at 2806 3 Day Central Pivot. We’ll mark this level are “key support” with up-channel intact. It would take a violation and conversion below 3 day low to change the current bullish condition.

Market Bias: Short-term: Bullish

CD3 Range High = 2828.75          CD3 Range Low = 2795.50          CD3 Range Avg = 29.00 

Scenario 1: IF price holds bid at or above 2806 handle, THEN initial objective targets 2814.75, followed by 2818.00.

Scenario 2: IF price violates and converts 2806 handle to resistance, THEN downside measures 2800 – 2795 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2825.00; LOD ATR Range Projection: 2799.25; Cycle Day 1 Low: 2789.75; 3 Day Central Pivot: 2806.50; 3 Day Cycle Target: 2816.50; 10 Day Average True Range 18.75; VIX: 12.46

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Having fulfilled Cycle objectives, prices are a touch softer in overnight trade currently finding a buy response at 7380.25  3 Day Central Pivot. We’ll mark this level are “key support” with up-channel intact. It would take a violation and conversion below 3 day low to change the current bullish condition.

Market Bias: Short-term: Bullish

CD3 Range High = 7423.25          CD3 Range Low = 7364.25          CD3 Range Avg = 107.75

Scenario 1: IF price holds bid at or above 7380 handle, THEN initial objective targets 7398.25, followed by 7416.

Scenario 2: IF price violates and converts 7380 handle to resistance, THEN downside measures 7364.25 – 7355.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7449.00; LOD ATR Range Projection: 7376.75; Cycle Day 1 Low: 7292.50; 3 Day Central Pivot: 7380.25; 3 Day Cycle Target: 7421.00; 10 Day Average True Range: 77.42; VIX: 12.46

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.18.18

Markets
 
In Asia, Japan +0.4%. Hong Kong -0.2%. China -0.4%. India -0.4%
In Europe, at midday, London +0.6%. Paris +0.5%. Frankfurt +0.6%
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq -0.1%. Crude -2% to $66.74. Gold -0.4% to $1222.40. Bitcoin +0.8% to $7374. 
Ten-year Treasury Yield flat at 2.86%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
8:30 Housing Starts
10:00 Powell to deliver the semi-annual monetary policy testimony before the House Financial Services Committee
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book

S&P 500

Today is Cycle Day 2 (CD2)…Price has fulfilled 3 Day Cycle Target  (2816.25) in prior session. Overnight trade is quiet as price is anticipated to back n fill absorbing recent gains. Trend remains strong as dips buyers remain active.

Market Bias: Short-term Bullish

CD2 Range High = 2833.25          CD2 Range Low = 2793.50         CD2 Range Avg = 28.50

Scenario 1: IF price holds bid above 2813.00, THEN initial upside objective is 2816.50, followed by 2821.00.

Scenario 2: IF price holds offer below 2813.00, THEN initial downside objective measure 2810 – 2808 zone, followed by 2805 – 2802 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2830.75; LOD ATR Range Projection: 2796.00; Cycle Day 1 Low: 2789.75; 3 Day Central Pivot: 2802.75; 3 Day Cycle Target: 2816.25; 10 Day Average True Range 20.50; VIX: 12.02

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has fulfilled 3 Day Cycle Target  (7421.00) in prior session. Overnight trade is quiet as price is anticipated to back n fill absorbing recent gains. Trend remains strong as dips buyers remain active.

Market Bias: Short-term Bullish

CD2 Range High = 7464.75         CD2 Range Low = 7386.25          CD2 Range Avg = 96.50

Scenario 1: IF price holds bid above 7425.00, THEN initial upside objective is 7437.75, followed by 7462.00.

Scenario 2: IF price holds offer below 7425.00, THEN initial downside objective measure 7414 – 7410 zone, followed by 7386.25 – 7376.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7497.75; LOD ATR Range Projection: 7353.25; Cycle Day 1 Low: 7292.50; 3 Day Central Pivot: 7376.00; 3 Day Cycle Target: 7421.00; 10 Day Average True Range: 84.50; VIX: 12.02

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN